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\n <\/div>\n \n Get an Estimate on Your Home's Value<\/h3>\n
It only takes two minutes to answer a few questions. You\u2019ll receive a detailed analysis of your home straight to your inbox immediately. Simply tell us a little bit about your property (the address, type of property, it\u2019s condition and the year it was built) and how soon you\u2019re looking to sell.<\/p>\n \n
Market overview for renting and selling<\/h2>\nRent prices and vacancies are stabilizing<\/h3>\n
After a sharp increase in apartment rents during the pandemic, U.S. rental markets are beginning to cool off. The national rental vacancy rate <\/span>stood at 7.3%<\/span><\/a> in the second quarter of 2026, around the same rate as the same period last year (7.0%),<\/span> according to U.S. Census Bureau data.\u00a0<\/span><\/p>\n When vacancy rates stabilize, rent prices tend to follow suit. Apartments.com reports that in July 2026, rent prices increased by <\/span>0.8%<\/span><\/a> compared to last year. Brooklyn, NY, and Chicago, IL, saw the biggest rent increase at 4.8%, followed by Cambridge, MA (4.2%), and Boston, MA (4%).\u00a0<\/span><\/p>\n The surge in new units in recent years caused vacancy rates to rise and rents to fall in some markets, most notably the Sun Belt, where <\/span>supply continues to outpace demand<\/span><\/a>. Still, multi-family starts remain strong as builders recognize <\/span>demand for higher-density housing<\/span><\/a>. With this <\/span>construction fluctuation<\/span><\/a> and steady vacancy rates, t<\/span>he rental market looks stable for would-be landlords, but let\u2019s look at the climate for selling your home.<\/span><\/p>\n Record-high home prices and elevated mortgage rates dampened home sales across the country in 2025. However, inventory is gradually increasing as home sellers aim to capitalize on the equity they have rapidly accumulated since 2021. <\/span>According to Cotality, as of June 2026, the average U.S. mortgage holder <\/span>boasts around $300,000 in equity<\/span><\/a>.\u00a0<\/span><\/p>\n In July 2026, the National Association of Realtors (NAR) reported that existing-home sales <\/span>decreased by 1.7% year-over-year<\/span><\/a>, reaching a seasonally adjusted annual rate of 4.06 million. The median price of an existing home <\/span>climbed 2.0% to $434,100<\/span><\/a> \u2014 the 37th consecutive month of year-over-year price increases. Meanwhile, the 30-year mortgage interest rate hovered around <\/span>6.65%<\/span><\/a>.\u00a0<\/span><\/p>\nHome sales slow down as mortgage rates and prices increase<\/h3>\n